ITT and Continental AG sign 10-year aftermarket brake pads agreement

ITT Inc. signed a 10-year strategic agreement with Continental AG to supply aftermarket brake pads, expected to generate over $1 billion in revenue. The contract begins January 1, 2024, and includes exclusive supply of brake pads and brand licensing.

“The agreement is expected to generate more than $1 billion in revenue over the term.”businesswire.com

• 2 sources
• businesswire.comITT And Continental AG Sign 10-Year Strategic Aftermarket AgreementMediaMar 20, 2023
• aftermarketinsight.spglobal.comITT, Continental sign 10-year strategic aftermarket agreement - AftermarketInsightApr 12, 2023

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